Cryptocurrency is a ‘Token’, We Won’t Call it a Currency: South Africa’s Central Bank Author: Samburaj Das Last Updated: 26 May 2018 South Africa’s central bank is choosing to call cryptocurrencies like bitcoin as ‘cyber-tokens’ rather than currencies, arguing they do not ‘meet the requirements of money’. The South African Reserve Bank (SARB), the country’s central bank, prefers to see cryptocurrencies as ‘tokens’ rather than currencies according to deputy governor Francois Groepe. As things stand, the authority The post Cryptocurrency is a ‘Token’, We Won’t Call it a Currency: South Africa’s Central Bank appeared first on CCN
